Families earning above $100,000 will still qualify for aid, with most of the additional scholarships going to families making less than $150,000 and families with multiple children in college.
Princeton was one of the first universities in the country to eliminate loans from its financial aid packages in 2001.
"One of Princeton's defining values is our commitment to ensure that talented students from all backgrounds can not only afford a Princeton education but can flourish on our campus and in the world beyond it," President Christopher Eisgruber said. "These improvements to our aid packages, made possible by the sustained generosity of our alumni and friends, will enhance the experiences of students during their time at Princeton and their choices and impact after they graduate.
Under the new policies, families making less than $100,000 will pay nothing for tuition or room and board. More than 25% of the student body is expected to receive this level of aid.
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